European Parliament Library

Islamic Republic of Afghanistan :, Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Afghanistan

This paper discusses key findings of the Fourth Review Under the Poverty Reduction and Growth Facility (PRGF) for Afghanistan and a Request for Waiver of Performance Criterion. Program performance during the second half of 2007/08 fell short of expectations. The performance criterion on fiscal revenue was missed, and the authorities fell behind on several program commitments. For 2008/09, real GDP growth is projected to moderate to 7.5 percent and inflation to decelerate to 15½ percent by year’s end
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Recent Economic Developments; III. Performance Under The Program; IV. The 2008/09 Program; Boxes; 1. Rationale for Added Structural Conditionality; A. Macroeconomic Outlook; B. Fiscal Policy; C. Monetary Policy, Financial Sector Reforms, and External Sector; 2. Afghanistan's Mining Potential; D. Structural Policies, Poverty Reduction, and Statistical Issues; E. Staff Appraisal; Figures; 1. Price Developments, January 2004-May 2008; 2. Monetary Developments; 3. Foreign Exchange Reserves and Price and Exchange Rate Indices
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (82 p.)
Specific Material Designation
Form Of Item

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